1204/480-490 Collins StreetMelbourne VIC 3000
Property Details for 1204/480-490 Collins St, Melbourne
1204/480-490 Collins St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1966. The property has a land size of 1400m2. While the property is not currently for sale or for rent, it was last sold in June 2017.
Last Listing description (July 2017)
Overlooking rows of mature elm trees and some of Melbourne s most classic architecture, the 4.5 star Oaks on Collins is fashioned on New York-style living and, is immersed in the best of business, shopping and entertainment that this World s Most Liveable City has to offer.
Trams run the length of Collins Street and, Oaks on Collins is walking distance to Spencer Street Train Station, the Melbourne Docklands and South Bank precincts.
Refurbished and stylishly refurnished in late 2014, Apartment 1204 has its own kitchen including cook top, a chic bathroom separated from the sleeping and living area by glass privacy screening, comfortable queen bed, a 32 inch LCD TV, room safe and, is bathed in natural light with direct outlook to the Rialto on Collins.
Currently on a secure Lease to the Oaks Hotels and Resorts Group till 2020, this is an ideal opportunity to invest in excellence. Don t take our word for it. Here is commentary provided to TripAdvisor by a Business Guest on 4 May 2017: Excellent stay. Nice rooms that were both very clean and quite. We stayed 2 nights and had a very pleasant stay. The staff were very helpful and I can't recommend the place high enough. Will definately use again.
Rental return commenced in 2015 at $17, 699 per annum and includes a fixed annual increase of 3% till 2020. The Tenant currently pays all gas, electricity, water and council rates.
Inspections are by appointment only. Please contact Brad to arrange yours today.
Property History for 1204/480-490 Collins St, Melbourne, VIC 3000
- 07 Jun 2017Sold for $265,000
- 16 May 2017Listed for Sale $275, 000
- 10 Nov 2004Sold for $231,000
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0About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 64,267 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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